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Truecaller acquires India’s TrustCheckr, a fraud detection SaaS platform

By Gloria Mathias

October 09, 2023

  • Acquisition
  • Bengaluru
  • Blocking calls
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Truecaller, Trustcheckr, TrustCheckr, India, Bengaluru, SaaS Platform, Unoideo Technologies, Blocking calls, Communication Verification, AcquisitionTruecaller, the global platform for verifying contacts has acquired the India-based company Unoideo Technologies.

The company provides the service TrustCheckr which is a SaaS platform seeking to help businesses verify customer information and detect risk of fraud based on phone numbers and digital signals.

TrustCheckr’s current offering has attracted interest from companies in different industries from banks, FinTech, and other financial institutions. The acquisition will strengthen Truecaller’s risk intelligence tool for enterprises, which was launched last week.

Fraudsters operate in a different manner than spammers so investing in elevating our fraud detection capabilities is a natural evolution for us. The acquisition will add great service and competence to Truecaller which we believe will both bring value to our users and strengthen our current enterprise offering and the newly launched Risk Intelligence services where we support enterprises to minimize risk and fraud. The combination of the skills that TrustChekr has in identifying fraudsters through external signals of fraud with Truecaller’s internal signals will be really powerful,” said Nami Zarringhalam, co-founder, Chairman and Chief Strategy Officer at Truecaller.

“Truecaller is the number one solution for identifying spam as well as fraud attempts globally. While our focus has been on CallerID and spam protection, fraud calls and messages are increasing at an unprecedented rate globally by virtue of e.g., mobile banking,” shared Nami.

TrustChekr brings existing customers like IIFL Finance Limited and Piramal Capital and Housing Finance Limited plus several relationships with other potential customers for Truecaller for Business. The acquisition adds seven full-time employees and improved tech capabilities to Truecaller. The acquisition was finalized during the fourth quarter of 2023 and is financed through existing cash.

Truecaller enables safe and relevant conversations between people and makes it efficient for businesses to connect with consumers.

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